ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

11 E 44TH STREET, SUITE 700, NEW YORK, New York, 10017, (212) 452-9119

Report Date: 12/31/2014

Position Statistics

Total Positions 100
New Positions 6
Increased Positions 24
Decreased Positions 15
Positions with Activity 39
Sold Out Positions 5
Total Mkt Value (in $ millions) 359

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 13.01%
Capital Goods 9.42%
Conglomerates
Consumer Cyclical 0.07%
Consumer/Non-Cyclical 0.31%
Energy 10.53%
Financial 26.08%
Healthcare 15.44%
Services 11.1%
Technology 7.94%
Transportation
Utilities 0.05%

100 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▲ Change in Value ($1,000s) Change (%) Shares Held
ASSURED GUARANTY LTD COM -269 Sold Out 0
INDEPENDENT BANK CORP MICH COM NEW -662 Sold Out 0
LIBERTY TRIPADVISOR HLDGS INC COM SER A -252 Sold Out 0
LORAL SPACE & COMMUNICATNS INC COM -6,821 Sold Out 0
STRAIGHT PATH COMMUNICATNS INC CL B -1,115 Sold Out 0
GENERAL ELECTRIC CO COM 1 New 46
ESCALERA RES CO COM 12 New 19,908
ACTIVE POWER INC COM NEW 39 New 16,900
ELDORADO GOLD CORP NEW COM 79 New 15,300
DEX MEDIA INC NEW COM 80 New 12,206
ROYCE FOCUS TR COM 88 1 .88 11,963
CHC GROUP LTD SHS 108 New 47,300
U S GLOBAL INVS INC CL A 125 New 40,969
LUXFER HLDGS PLC SPONSORED ADR 134 New 10,000
THIRD PT REINS LTD COM 154 New 11,000
HARTFORD FINL SVCS GROUP INC COM 165 -2,063 (92.59) 4,000
AMERICAN HOMES 4 RENT CL A 166 New 10,000
NEWMONT MINING CORP COM 172 New 6,700
EAGLE ROCK ENERGY PARTNERS LP UNIT 172 172 New 64,100
FIRSTENERGY CORP COM 181 181 New 5,271